Heartis breaks ground on its first senior housing community in Georgia
FAYETTEVILLE, Ga., and DALLAS, Dec. 20, 2016 – As part of a major expansion into the Southeastern United States, Caddis, a national healthcare real estate firm headquartered in Dallas, recently broke ground on its first senior community in Georgia.
The community will be located in Fayetteville, which is about 22 miles southwest of Atlanta. Heartis Fayetteville will consist of three buildings totaling 157,029 square feet that will house 80 independent living units, 56 assisted living apartments and 32 memory care units.
Also in the development pipeline, Caddis plans to develop a Heartis senior housing community in Suwanee, Ga., which is a northeastern suburb of Atlanta.
Caddis officials say they see many benefits to expanding into the Southeast.
“The Southeast is a growing, vibrant region and cities like Atlanta and Fayetteville are sought-after places to live and work, as well as start a business,” says Jason Signor, Caddis CEO. “Also, the senior population in the area has been increasing significantly so there’s an important need for high quality senior housing such as Heartis communities. We look forward to developing additional senior communities in the Southeast.”
Katie Csobaji, Caddis Senior Vice President of Senior Living, noted “Until now we’ve focused on opening Heartis communities throughout Texas, as well as in Illinois and Wisconsin. Now we’re excited to introduce our beautiful, amenity filled senior communities to residents in the Southeast. Heartis communities offer a fun, dynamic environment with stimulating daily activities and the assistance of caring professional staff. We’re sure that area residents will find Heartis communities a wonderful housing option that takes senior living to new heights.”
Heartis Fayetteville will offer a wide range of special features and first class amenities, including spacious accommodations, large secured courtyards, swimming pool, outdoor walking paths, landscaped grounds, game and activity rooms, a beauty and barber shop, a beautiful dining room, chef-prepared meals and relaxing common areas. Other services include ongoing social and recreational activities, housekeeping and laundry services, nurse-supervised staff, assistance with personal activities, medical supervision and 24-hour emergency response.
The residence will be managed by Frontier Management, a senior living operations management company headquartered in Portland, Ore. Frontier currently manages five Heartis communities.
Caddis formed a joint venture partnership with Singerman Real Estate, LLC (“SRE”), a Chicago-based real estate investment firm, to develop the community.
Construction of Heartis Fayetteville is scheduled to be completed in late 2017. The Atlanta office of Choate Construction is the general contractor on the project.